Forget bears, could we see bulls take control of GBPJPY?
Double bottom reversal on top of descending channel breakout. Could we see potential bulls take charge for this pair? As long as this Brexit scare calms down since the downfall of the government to stop a no-deal. This is our new potential range from now on, as this would complete the pattern of a descending channel breakout on a technical standpoint. We are currently waiting for some sort of correction/exhaustion before entering to confirm that the trend remains bullish. No confirmation, no trade.
Thoughts?
Thoughts?
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